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20130416
20130416
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shamelessly cynical in writing laws and bending rules to favor the one percent. and that includes the tax code. so, on monday, when you send in your tax returns, think about this. corporate profits are at record highs. but have those companies invested that in new jobs? no. did they at least give their workers a bump in pay? hardly. surely they shelled out a little more in taxes to help refurbish the social structure, highways, bridges, schools, libraries, parks, where they do business! guess again. corporations are sitting on $1.7 trillion of cash. look at this report just published by pirg. the public interest research group, on how average citizens and small businesses have to make up the $90 billion giant companies save by shifting profits toffshore x havens. among the 83 publicly traded corporations named, pfizer, which for the past five years reported no taxable income in the us, even as it made 40% of its sales here. microsoft, which avoided $4.5 billion in taxes over three years by shifting its income to puerto rico. citigroup, which maintains 20 subsidiaries in tax havens and has over
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